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Financial arrangements after 3.5 years of marriage

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1 year 4 months ago #505743 by grassisgreener
Advice needed please. Tried unsuccessfully to get through to the helpline. The divorce calculator got me worried...!

About to start proceedings for divorce second time round alas, after just 3.5 years of marriage. I’m concerned about what financial implications there are. No children are involved.

I’m a home owner and STBX is not. There is more than £100k equity in my home. I’ve read that in short marriages people leave with what they had beforehand. Is this true and what’s the definition of “short” anyway?
I pay maintenance to my ex an amount of maintenance agreed in a court order for her and our 2 teenage kids. We both have pensions.

I’m working full time in a reasonably well paid job. STBX chose to work part time in a simpler clerical job even though she’s a qualified management accountant and therefore has a good earning potential should she choose to go back into accountancy.

Would there be a split in assets? Would I be expected to pay some sort of spousal maintenance?

Not sure how much more detail to go into, but would truly appreciate some advice.

Many thanks in advance!

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1 year 4 months ago #505749 by WYSPECIAL
There is no strict definition of a short marriage but what strikes me in your post ismention of teenage kids.

If they are your children then it makes the relationship, which is what will be considered not just the years married, much longer than 3.5 years.

SM is based upon need of recipient and ability to pay of payer so you need to post a lot more details about ages, incomes and assets for someone to comment on that. Your ex will be expected to maximise their income though.

However if this is a relationship that has gone on for numeous years with children involved then ALL assets, owned jointly or individually, will be in the pot for division so yes there will be an asset split

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1 year 4 months ago #505751 by grassisgreener
Replied by grassisgreener on topic Re:Financial arrangements after 3.5 years of marriage
Many thanks firstly.

Allow me to clarify. The teenage kids are from my first marriage regarding which I have a clean break order and pay £600 per month to my ex.

I have lived with my current wife for less than 4 years and married for 3.5 years.

Happy to provide more details as required.

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1 year 4 months ago #505752 by WYSPECIAL
grassisgreener wrote:

Many thanks firstly.

Allow me to clarify. The teenage kids are from my first marriage regarding which I have a clean break order and pay £600 per month to my ex.

I have lived with my current wife for less than 4 years and married for 3.5 years.

Happy to provide more details as required.


That rather changes things!

When you say you pay £600 pcm to your ex I assume that is your first ex with whom you have children?

Where is your new STBX living? She may possibly need some \"go away\" money to set up a new home if she has no assets in her own name but from what you describe it sounds like a short childless marriage, leave with the assets you came with, scenario.

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1 year 4 months ago #505754 by grassisgreener
Replied by grassisgreener on topic Re:Financial arrangements after 3.5 years of marriage
Absolutely right re the clean break order. Marriage #1 lasted 14 years and I have a 14 and 17 year old. 2 fab girls ;)and I pay my ex £600 pcm.

My current marriage is a short childless marriage. I’m 51 and she’s 44. She possibly earns £15k pa in her part time clerical role and my gross around £50k. Had she chosen to work full time as a management accountant she might have been earning as much as me? I honestly don’t know how much she has in savings, but I know she has some having worked in Dubai for some years as a finance manager. She has pensions from 2 previous employments. She possibly has loaned money to her sister for her small business possibly in the tens of thousands. And she will have some savings. My talking to her about divorce has lead her to start thinking about her wanting her own place and not be dependant on me, but that is her choice, and I’m not sure how she would plan to fund purchasing an apartment say.

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1 year 4 months ago #505761 by grassisgreener
Replied by grassisgreener on topic Re:Financial arrangements after 3.5 years of marriage
... but any further thoughts on any financial split or payments, whether one-off or in terms of ongoing SM would be warmly welcome.

My STBX was living at her dad’s place a few hundred miles away before we married and isn’t a home owner.

The calculator here produced very worrying and conflicting figures!

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1 year 4 months ago #505765 by WYSPECIAL
She would be hard pressed to be able to demonstrate a need for SM if she chooses to work part time. She will be expected to maximise her income.

Was she part time when you got together or is that something you agreed while together?

Financial split? Like you say it looks like a short childless marriage so you each leave with what you came with. If she has no savings maybe a deposit and first months rent.

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